Nur Siti Annazah, Bambang Juanda, Sri Mulatsih


Redenomination is a simplification of the nominal value of the currency by reducing digits (zeros) without reducing the real value of the currency. The research was done because of the theoretical and empirical results are still a debate about the impact of redenomination policy on the economic perspective. This is due to the redenomination policy in each country has a different effect depending on economic conditions when redenomination is applied. The purpose of this study was to analyze the factors that influence the success of the redenomination of a country. Data used in the form of secondary data, historical data of 32 countries that have conducted redenomination. The analysis used is multiple regression. The results showed the better the condition of economic growth when redenomination is applied, it will lower inflation one year after the redenomination. K

eywords: Economic growth, Inflation, Redenomination, Regression


Astrini D, Bambang J, Noer AA. 2016. Impact of redenomination on price, volume, and value of transaction: an experimental economic approach. Buletin Ekonomi Moneter dan Perbankan. 19(2):207-237.

[BI] Bank Indonesia. 2017. Sejarah Bank Indonesia. http://www.bi.go.id [2017 April 05].

Blanchard O. 2006. Macroeconomic- 6 th Edition. United States: Prentice Hall.

Daniel W. 2013. Kisah Turki yang Sukses Hilangkan 6 Nol Mata Uangnya. Detik finance [05 Agustus 2010].

Fenira M. 2014. Democracy: A Determinant Factor in Reducing Inflation. International Journal of Economics and Financial Issues 4(2):363-375.

Iona D. 2005. The National Currency Re-denomination Experience in Several Countries: A Comparative Analysis. International Multidisciplinary Symposium Universitaria Simpro.

Juanda B, Junaidi. 2012. Ekonometrika Deret Waktu Teori dan Aplikasi. Bogor (ID): IPB Press.

Lianto J, Ronald S. 2012. The Impact of Redenomination in Indonesia from Indonesia Citizens’ Perspective. Procedia – Social and Behavioral Sciences 40 (2012): 1-6.

Mankiw NG. 2007. Makroekonomi Edisi Keenam. Jakarta (ID): Erlangga.

The World Bank. 2016. “World Development Indicators 2016”.

Undang-Undang Republik Indonesia Nomor 6 Tahun 2009 Tentang Bank Indonesia. 13 Januari 2009. Lembaran Negara Republik Indonesia Tahun 2009 Nomor 07. Jakarta.

Zidek L, Chribik M. 2015. Impact of Currency Redenomination on Inflation Case Study Turkey. Asian Economic and Financial Review 5(6):908-914.


Nur Siti Annazah
anazah.siti@gmail.com (Primary Contact)
Bambang Juanda
Sri Mulatsih
Author Biographies

Bambang Juanda, IPB University

Department  Economics
Faculty of Economics and Management

Sri Mulatsih, IPB University

Department  Economics
Faculty of Economics and Management
AnnazahN. S., JuandaB., & MulatsihS. (2018). FAKTOR-FAKTOR YANG MEMENGARUHI KEBERHASILAN REDENOMINASI. JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN, 6(2), 61-73. https://doi.org/10.29244/jekp.6.2.2017.61-73

Article Details

Most read articles by the same author(s)